| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 42nd | Fair |
| Demographics | 57th | Best |
| Amenities | 43rd | Good |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 4 Coconut Grv, Brownsville, TX, 78521, US |
| Region / Metro | Brownsville |
| Year of Construction | 1994 |
| Units | 36 |
| Transaction Date | --- |
| Transaction Price | --- |
| Buyer | --- |
| Seller | --- |
4 Coconut Grv, Brownsville TX — 36-Unit Multifamily Investment
Renter demand is supported by a high concentration of renter-occupied units and occupancy near the metro median, according to WDSuite’s CRE market data. This location offers steady cash flow potential with manageable competitive pressures in an inner-suburb setting.
Positioned in Brownsville’s inner-suburb fabric, the neighborhood rates competitively within the metro and shows stable fundamentals for workforce housing. Dining and everyday retail are a relative strength: restaurant and café density rank among the stronger clusters in the Brownsville–Harlingen area (competitive among 133 metro neighborhoods), while grocery access is solid. However, formal parks, pharmacies, and childcare options are limited within the immediate neighborhood, suggesting residents rely on nearby districts for certain services.
The property’s 1994 construction is newer than the area’s average vintage (early 1980s), which can support leasing competitiveness versus older stock. Investors should still plan for targeted modernization and systems updates typical of 1990s assets to sustain curb appeal and operating efficiency.
Neighborhood occupancy stands around the metro midpoint and has been broadly stable in recent years, while the share of renter-occupied units is elevated. For multifamily investors, this translates to a deeper tenant base and generally supportive leasing conditions, with pricing power balanced by value-driven renters. Median contract rents are comparatively accessible for the metro, and the rent-to-income ratio sits near national mid-range, helping retention and lease management, based on CRE market data from WDSuite.
Within a 3-mile radius, population has inched up and household counts have grown faster, pointing to smaller household sizes and a gradually expanding renter pool. Forward-looking projections indicate additional population and household growth over the next five years, which should support occupancy stability and new-lease demand.
Ownership costs in this submarket are relatively low versus national norms, which can create some competition with entry-level ownership. For investors, that means focusing on value, convenience, and product differentiation to retain residents, while leveraging the neighborhood’s above-average school ratings versus national benchmarks to attract families seeking more accessible rental options.
Safety indicators are mixed relative to broader benchmarks. Compared with U.S. neighborhoods overall, this area sits below the national safety midpoint, though it is competitive among many Brownsville–Harlingen neighborhoods. Property-related offense measures have recently shown volatility, while violent-offense measures align closer to national mid-range. These trends warrant routine risk management and standard security practices rather than signaling a structural deterrent.
At the metro level (133 neighborhoods), the area’s crime position is not among the top-quartile performers, but it is also not the weakest cohort. Investors typically address this profile through lighting, access controls, and onsite presence to support resident comfort and leasing stability, monitoring shifts as new data becomes available.
Regional employment is diverse, with commuting reinforced by service and corporate roles that help sustain renter demand. Nearby corporate offices contribute to a stable base of working households in the area.
- Dish Network — corporate offices (22.2 miles)
This 36-unit asset offers durable renter demand backed by an elevated renter-occupied share in the neighborhood and occupancy near the metro median. The 1994 vintage is newer than the local average, providing a relative edge versus older product while leaving room for targeted value-add, unit refreshes, and efficiency upgrades. According to commercial real estate analysis from WDSuite, rent levels remain accessible and the rent-to-income profile supports retention, which can underpin steady cash flows.
Within a 3-mile radius, modest population gains and faster household growth indicate an expanding renter pool. Looking ahead, projections suggest further growth in both households and incomes, reinforcing leasing resilience. While ownership is more accessible here than in many U.S. markets, thoughtful positioning on finishes, amenities, and convenience can sustain occupancy and mitigate pricing friction.
- Elevated renter concentration and occupancy near metro median support stable demand
- 1994 construction offers competitive positioning versus older stock with value-add upside
- Accessible rent levels and balanced rent-to-income ratio aid retention and cash flow
- 3-mile household growth and income gains bolster the future renter base
- Risk: relatively accessible ownership can temper pricing power—focus on differentiation and service